Obviously every investor is in a different situation, and I wouldn’t expect many people to follow the nine points exactly. But I think it helps to know what the standard model looks like before you decide where to make your own exceptions.
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Astute observers will point out that anyone who had a lot of money in stocks, as the model suggests, would have gotten hammered this year. That’s true, but one of the obvious exceptions to the model is that if you think you need to withdraw your money in the next five years, you should reduce your stock holdings to avoid the risk of just such a downturn.